Frequency Electronics FY27 Q1 net income rises to $4.22 million; revenue climbs 70% year-over-year to $23.5 million - FEIM News | RalliesFrequency Electronics FY27 Q1 net income rises to $4.22 million; revenue climbs 70% year-over-year to $23.5 million
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FEIM• Quarterly results and backlog
- Frequency Electronics posted Q1 FY2027 revenue of $23.5 million, up 70% year-over-year and 52% sequentially.
- Operating income widened to $5.2 million from $0.4 million a year earlier, lifting operating margin above 22%.
- Net income climbed to $4.2 million, or $0.41 per diluted share, from $0.6 million, or $0.07 per share.
- Funded backlog rose to a record $129 million, up 82% year-over-year and 16% sequentially.
- Cash and cash equivalents jumped to $61.4 million from $1.6 million at April 30, boosted by a $73 million secondary offering.
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